Word: bullish
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Dates: during 1960-1969
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Misleading Totals. The Penn-Central merger announcement came at a curious time: almost simultaneously, both roads issued bullish annual reports. Pennsy Chairman Stuart T. Saunders, 55, glowed over his road's best performance in eight years: earnings doubled, revenues reached a record $907 million and the road resumed paying quarterly dividends after a seven-year lapse. Central President Alfred Perlman, 62, was hardly less content; the Central's earnings of $35.5 million on its $733 million in revenues were 21 times those of 1963, largely because the Central has cut its debt by $256 million since...
...Bullish on Billions. On his current education program, the President was downright bullish: "Some say that if it's $1.2 billion this year, it will be more next year. Well, it will be." Added he, "We are taking some of that money we have been putting in tanks and bombs and putting it in minds, stomachs and hearts...
...upgrading of optimism last week, and a growing con viction that U.S. business can roll forward without pause in 1965. The buoyant mood was apparent in Washington, where some of the nation's leading economists, testifying before the Joint Congressional Economic Committee, almost unanimously predicted uninterrupted expansion. The bullish sentiment was obvious on Wall Street, where the stock market rebounded strongly from last month's fall. In the second heaviest trading in more than a year (7,100,000 shares in one day), the Dow-Jones industrial average rose every day, climbing 18 points to a near-record...
...expect that the 900 mark will have to surrender before long. A good deal depends on how investors receive this week's budget and economic messages from the President. Said Goodbody & Co. in a market letter to its customers: "It may be that we have somewhat underestimated the bullish impact that the Great Society concept seems to be having on the investment public...
Right from the start the mood was bullish. First up were European blue chips: a Kandinsky watercolor went for $7,200, a Salvador Dali watercolor reached an extraordinary $11,500, and a fine 1921 Mondrian peaked at $42,000. Then Russian-born Nicolas de Staël, who jumped out his studio window in 1955, sent bids skyrocketing when his semi-abstraction, Fleurs, soared to $68,000 to set a new record. In all, four works by De Staël brought...